Cement News tagged under: Trading
Indian Railways target doubling in cement transportation27 February 2008, Published under Cement NewsWith the reduction of freight charges, Indian Railways has set an ambitious target of doubling the transportation of cement to 200Mt by 2011-12 from the current 100Mt. "Railways receive more than 100Mt traffic every year from the cement industry and we are targeting a loading of 200Mt from the cement industry in 2011-12," Railway Minister Lalu Prasad has said while presenting the Railway Budget 2008-09 in Parliament. Production of cement is expected to increase from 170Mt to 280Mt... |
Israel approves rare shipment of cement to Gaza Strip20 February 2008, Published under Cement NewsIsrael has approved a rare shipment of cement to the Gaza Strip, Israeli officials said Monday, for the construction of a sewage treatment plant to replace one that collapsed last year, killing five people. The World Bank project had been one exception to Israel’s severe restrictions on the entry of building materials and other goods into Gaza after Islamic Hamas militants seized control of the territory in June. Last month, Israel blocked the entrance of supplies for the sewage treatment p... |
India mulls Wagah border link for cement imports14 February 2008, Published under Cement NewsIndia is exploring whether it would be more economically viable to import Pakistani cement through the Wagah border than through Mumbai port. A foreign ministry official said since most of Pakistan’s cement companies were located in the north, the neighbours were considering dropping the traditional Karachi-Mumbai sea route and opening up a land route through Wagah. “Taking the road route makes more sense since most cement companies are located in the northern region of Pakistan. The propo... |
Cimpor to invest about EUR16m in two new 5500t capacity cement ships12 February 2008, Published under Cement NewsCimpor’s Cimpship shipping unit plans to invest about EUR16m in two new ships with the capacity to transport about 5500t of cement each, a company official said. The source noted that the acquisitions should be completed in the near future and should boost Cimship’s fleet of two large own ships and seven leased smaller ones. Cimpor currently has a fleet which can transport 1.4Mt at any one time; 40 per cent of this capacity is owned by the company. |
India Cements to build up shipping fleet11 February 2008, Published under Cement NewsIndia Cements is pressing ahead with ambitious plans to make it big in the country’s growing dry-bulk shipping business five years after pulling out of shipowning. The company says it wants to acquire a fleet of handysize and handymax bulkers to gain greater control over its transport costs after being exposed to soaring freight rates in recent years. Chennai-based India Cements expects to finalise a deal to acquire a handymax later this month and aims to have a stable of at least 1... |
Binani to book 300,000t Apr-Jun S.Africa coal next week08 February 2008, Published under Cement NewsIndia’s Binani Cement Ltd will next week award a recent tender to buy 300,000t of South African coal for delivery in April-June, Indian traders said. Binani has been out of the spot market for months and has enough coal for the next couple of months, they said. However, they added, Indian cement makers may be taking the view that generally tight supply and strong demand in Asia could push prices still higher. This could explain their buying now, the traders said. Binani is... |
Pakistan starts exporting cement to India31 January 2008, Published under Cement NewsBilateral trade between India and Pakistan has taken a significant step forward with at least five Pakistani companies approved by the Bureau of Indian Standards (BIS) starting to export cement to India while five more manufacturers have applied for certification. ’A total of 11 cement companies have been cleared by the BIS and four more have applied to get approval for export,’ Shahzad Ahmed, secretary of All Pakistan Cement Manufacturers Association (APCMA), told IANS. He said five compa... |
Cement prices rise30 January 2008, Published under Cement NewsAfter witnessing a slight fall in prices during the past few weeks owing to sluggish demand, Indian cement companies have increased ex-factory cement prices by Rs 10 to Rs 12 per bag in India’s northern region. The average ex-factory cement prices now stand between Rs 236 and Rs 238 per bag. Before this increase, prices averaged between Rs 226 to Rs 228 per bag, according to JS Research. According to cement company officials, further rise is expected in the following weeks as demand is expe... |
New cement policy for Nigeria30 January 2008, Published under Cement NewsAccording to an informed editorial report from Nigeria’s This Day, it had always seemed obvious that something was wrong with the previous Nigerian administration’s blanket ban on cement importation into Nigeria. Although the apparent justification for the policy was to encourage local production and protect indigenous investments in the sector, the situation in the market now has made all of that argument unsustainable, if not unjustifiable. While domestic demand for cement is put at 18Mta... |
Nigeria: cement glut expected29 January 2008, Published under Cement NewsIn the next few weeks shiploads of cement are expected at Nigerian seaports, following the lifting of the ban on cement imports by the federal government. The ban was lifted in order to bridge the yawning supply deficit in the cement market, the likely reason for the rise in the price of the product in the past two years. The price of a 50kg bag of the commodity has risen from N700 in 2002 to N1, 800 last month. The decision to ban cement imports was taken in order to encourage local indust... |